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Ramsey real estate agents have experienced that people looking for houses in Ramsey are <br />typically looking for large lot single family homes or townhomes. The most sought after home is <br />one with three bedrooms and two bathrooms. Northfork is also a very popular development in <br />Ramsey. This is a community of well kept, older homes (1990's) with acreage. <br />Homebuyers in Ramsey expect to pay between $145,000 and $225,000 for a home. Real estate <br />agents in the area felt the majority of the buyers look around the $150,000 to $170,000 range. <br />Townhomes usually run $90,000 to $140,000 and new construction will be in the $300,000's. <br />There was no question amongst real estate agents that homebuyers are able to find what they are <br />looking for in a home in Ramsey. Homebuyers can easily find homes in their price category <br />with the current existing for -sale home inventory. <br />When local real estate agents were asked how Ramsey homebuyers view the Northstar commuter <br />rail, there were various personal views. However, none of the real estate agents felt that the <br />Northstar commuter rail was a driving force or a needed feature of people looking to buy a home <br />in Ramsey. Personal views on the Northstar commuter rail service by the real estate agents are <br />shown below: <br />• Personally, it's inconvenient. For baseball games, it has a schedule, and regardless of <br />how the game goes, the train leaves at a certain time. For the airport, it's a long ride from <br />Ramsey! And it's a transfer to light rail, which has way too many stops and some of <br />them are not in nice areas. <br />• Single friends who work in the city, have looked at it as a way to get out of the city and <br />into ownership of something affordable, but I haven't run into a lot of daily users. <br />• Don't think a lot of people understand the service — or don't know about it. <br />• We talk about it, it helps a little, seems like people are aware of it. <br />When asked what makes Ramsey different from other surrounding communities, real estate <br />agents had different ideas. One real estate agent felt that Ramsey was like an island, it got <br />developed around, and now it has opportunities for new growth and it offers newness to <br />homebuyers. Other real estate agents agree with the newness of the area differentiating Ramsey <br />from adjacent communities. Others felt that it has the opportunity for new construction and there <br />are few areas that are close to the cities with this many opportunities. Another thought was that <br />Ramsey was a mix of rural and city, without being too far from the city, which made it different <br />from neighboring communities. <br />RESIDENTIAL GROWTH ESTIMATES <br />Future housing demand in the Northstar cities is dependent on future residential growth in each <br />city's draw area, which is the area where most of the Northstar riders live. The methodology <br />used to estimate household growth in each of the Northstar cities for 2013 through 2035 is <br />described in this section. <br />4-14 <br />